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2008 (12) TMI 7 - DELHI HIGH COURT
Addition had been made u/s 68 on account of the share application money received by the assessee company - assessee had discharged the onus of establishing the identity of each of the subscribers - it is also a fact that they have shown the said amounts in their audited balance sheets and have also filed returns before the Income Tax Authorities - Tribunal rightly reversed the findings of the authorities below and deleted the addition - revenue’s appeal is dismissed